Innodata Inc. (NASDAQ:INOD) Director Louise C. Forlenza Sells 4,000 Shares

Innodata Inc. (NASDAQ:INOD) Director Louise C. Forlenza sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $45.10, for a total value of $180,400.00. Following the transaction, the director now directly owns 8,278 shares in the company, valued at $373,337.80. The trade was a 32.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Innodata Trading Down 5.1 %

Shares of Innodata stock opened at $38.33 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a 50-day moving average of $24.84 and a 200-day moving average of $18.93. Innodata Inc. has a 52-week low of $5.46 and a 52-week high of $49.72. The stock has a market cap of $1.11 billion, a PE ratio of 64.97 and a beta of 2.30.

Institutional Trading of Innodata

Institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. acquired a new stake in shares of Innodata in the third quarter valued at approximately $311,000. Los Angeles Capital Management LLC acquired a new position in Innodata in the 3rd quarter valued at $330,000. Vanguard Group Inc. lifted its position in shares of Innodata by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 1,460,430 shares of the technology company’s stock valued at $9,639,000 after acquiring an additional 28,173 shares during the period. Rathbones Group PLC acquired a new stake in shares of Innodata during the 2nd quarter worth $916,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Innodata by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company’s stock worth $102,000 after purchasing an additional 982 shares during the period. Institutional investors own 30.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on INOD shares. Craig Hallum started coverage on shares of Innodata in a research report on Tuesday, September 17th. They set a “buy” rating and a $23.00 price objective for the company. StockNews.com raised shares of Innodata from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Finally, BWS Financial boosted their price objective on Innodata from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.67.

About Innodata

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.